UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million), according to an announcement to the… Read More>>
Korea Investment Corporation Names Dae-yang Park As CIO
Korea Investment Corporation has appointed Dae-yang Park as its chief investment officer, according to an announcement by the sovereign wealth fund.
Park joins the South Korean sovereign wealth fund from the Korea Teachers Pension, where he had served as the… Read More>>
Savills Blames Brexit and HK Protests for 12% Drop in Profits
Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 million, blaming Brexit and political unrest in Hong Kong, according to a stock exchange announcement.
Group underlying profit for Asia Pacific… Read More>>
Hanison Confirms Talks to Buy HK Hotel From CapitaLand at Reported HK$800M
Despite growing uncertainty over the US-China trade war and increasingly violent protests in Hong Kong, a real estate developer controlled by one of the city’s wealthiest families has been actively buying and selling assets.
Hanison Construction Holdings said in a… Read More>>
JLL Names Ting Lim as Head of Capital Markets for Singapore
JLL has promoted Ting Lim to head of capital markets for Singapore, the property services firm revealed to Mingtiandi today.
The capital markets executive and Singapore local, who joined JLL in 2004, has stepped up to her new role amid… Read More>>
New World Closes in on Buyout of Hong Kong’s State Theatre
New World Development has acquired three shops in Hong Kong’s historic State Theatre complex, paying more than double their estimated value as the developer closes in on its redevelopment plans for the 67-year-old theatre.
The listed building, which was put… Read More>>
Suning Buys 61 Guangzhou Circle K Stores From Hong Kong’s Fung Group
One more global retail giant has retreated from the mainland China market in the face of growing local competition as a unit of Nanjing-based Suning announced this week that it has taken over a chain of convenience stores from Hong… Read More>>
Gaw Capital Leads $325M Purchase of Hollywood Shopping Mall
Gaw Capital USA and US private equity firm DJM have purchased a Hollywood megamall in the largest acquisition of a single US retail asset outside of Manhattan in nearly three years, according to a joint announcement by the companies.
Los… Read More>>
Blackstone Said Buying Out Indiabulls Office Portfolio for INR 48B
Blackstone is said to be within a few weeks of taking full control of Indiabulls Real Estate Limited’s office portfolio, according to people with direct knowledge of the matter cited by India’s Economic Times.
The deal will see Blackstone acquiring… Read More>>
Arch Capital Buying Singapore’s Anson House for S$210M
Arch Capital Management is buying Anson House in Singapore for S$210 million ($152 million), according to market sources.
A sale and purchase agreement is due to be signed this week, with Arch acting on behalf of an unnamed German fund,… Read More>>
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